Form 4: STAG Industrial Director Acquires Shares in Lieu of Fees

Larry T. Guillemette, a director at STAG Industrial, acquired 928 shares of common stock on April 15, 2024, in lieu of quarterly director fees.

Summary

• On April 15, 2024, Larry T. Guillemette, a director of STAG Industrial, Inc., acquired 928 shares of common stock.
• The acquisition was made in lieu of quarterly director fees of $35,000.
• The shares were valued at $37.71 each, based on the average closing price for the 10-day period ending April 10, 2024.
• Following the transaction, Guillemette directly owns 41,729 shares of STAG Industrial common stock.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director taking shares instead of cash shows confidence and aligns interests with shareholders.

Positives

• The director's acquisition of shares demonstrates confidence in the company.
• Using equity in lieu of cash preserves company cash flow.

Industry Context

Directors receiving shares in lieu of cash compensation is a common practice in publicly traded companies, aligning director interests with shareholder value and conserving company cash.

Comparison to Industry Standards

• Many REITs use equity-based compensation for directors to align their interests with shareholders, similar to STAG Industrial's approach.
• Comparable REITs like Prologis (PLD) and Duke Realty (DRE) (now part of Prologis) have also utilized equity compensation plans for their board members.

Related Party Transactions

• The acquisition of shares by the director in lieu of fees is a related party transaction.

Stakeholder Impact

• Shareholders may view this positively as it aligns director interests with company performance.
• The company benefits from conserving cash by issuing shares instead of paying cash fees.

Key Dates